|(White Plains Federal Court)|
|(Scronic and wife leaving the courthouse)|
Kantianism is defined in the case manual as, "Always act in ways that respect and honor individuals and their choices. Don't lie, cheat, or manipulate or harm others to get your way. Rather, use informed and rational consent from all parties." (Pg. 17) Scronic's ponzi scheme is the exact opposite of the Kantianism ethical theory. In this scandal Scronic does not check a single box for this theory. He lied to his investors, cheated them out of money, manipulated them into thinking he was trustworthy and harmed them by stealing about $19.75 million of their money to better his own life and bank account. I don't think that Scronic could have disrespected his investors more than he did, he fooled them into thinking he was a reliable investor, told them he would create positive returns on their investments and lied to them for over five years about account assets. While all this scheming was going on he was lining his own pockets to pay for his expensive lifestyle. Scronic could have avoided these legal charges by thinking about what he was doing to himself and his investors. Scronic should have used Maxims-for-action, as explained by Heather Salazar, "The first step in determining whether you should perform an action is to identify the action. Developing a statement of the action will allow you and others to analyze whether the action is correct or not. Such statements are called maxims-for-actions and they involve asserting what you will do and for what purpose you will do it." (Salazar, Kantian Business Ethics, pg. 5) Professor Salazar does a great job explaining this and if Scronic used this method of thinking all of his troubles could have been avoided.
|(Scronic court side at a Stanford basketball game)|
The case manual describes the virtue theory as, "Act so as to embody a variety of virtuous or good character traits and so as to avoid vicious or bad character traits." (Pg. 17) Scronic would to have actually invested his investors money and shown some return on those investments to have fit into this theory. Just like all the other ethical theories explained in the prompt, Scronic does not follow this one. He showed horrible character with his actions going as far to lie to investors about family members health, blame email issues and vacations as to why he was unable to return investors money. Scronic is a very vicious man with horrible character. "You can analyze actions within virtue theory framework by asking whether the actions under consideration embody or advance virtues or not." (Salazar, The Case Manual, pg. 23) Scronic could have used his time to actually do his job and hekko his clients, but instead he used his time to create falsified documents with return on investment number and total assets in funds to make it seem as if he was actually doing the right thing.